Indian Oil Corp looks to join TAPI pipeline project

Local press has reported that IOC wants to negotiate an equal share of the USD 9bn project to pipe Central Asian natural gas into the subcontinent, dubbed the ‘Peace Pipeline’. The 1,680 kilometre proposed project is hoped to be completed by 2017-18. The four nations involved have each nominated a company for implementation of the project with Gail currently the Indian representative.

IOC are looking to be an equal partner in the project with Gail, and to sell half of the imported gas.

The pipeline will have a designed capacity to carry 90 million cubic metres per day of gas for a 30-year period. 38 million cubic metres a day would be supplied to India and Pakistan, and Afghanistan would receive the remaining 14 million cubic metres a day.